Denmark, Finland, Iceland, Norway, Sweden and the Faroe Islands, Greenland and Åland work together in the official Nordic co-operation.
The Nordic Council participates in the Baltic Sea co-operation in the BSPC both by sending a delegation to the annual meeting and by representing its member countries in the organisation's permanent committee. The Nordic Council has Observer status in the permanent Standing Committee of Parliamentarians of the Arctic Region (SCPAR), which is the parliamentary counterpart to the Arctic Council.
The Nordic Council of Ministers has Observer status in the Arctic Council, which is the co-operative body for the governments with Arctic areas within their territories; this includes the Nordic countries with Greenland and the Faroe Islands, and Canada, Russia and the USA. The Council of Ministers is also an active participant in the Baltic Sea Initiative, which works to boost the region's competitiveness and in the implementation of several areas of the EU's Northern Dimension. In addition, the council of ministers takes part as a partner in co-operation initiated by the Barents Council and the Barents Regional Council.
Within the framework of official co-operation there are a large number of Nordic owned institutions. One of the institutions – the Nordic Investment Bank (NIB) has had Estonia, Latvia and Lithuania as co-owners since 2005.